The live price of Bittensor is - per (TAO / USD) with a current market cap of $3.78B USD. 24-hour trading volume is - USD. TAO to USD price is updated in real-time. Bittensor is -% in the last 24 hours with a circulating supply of 8.81M.
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Bittensor represents a decentralized protocol designed for developing AI and ML models. It promotes an open peer-to-peer (P2P) ecosystem. This arrangement invites AI models from around the world to converge, forming a broad, borderless neural network. By leveraging the power of collaboration and P2P interaction, Bittensor seeks to make AI and machine learning accessible to everyone, elevating their status as public goods.
The essence of Bittensor is that it is both a dedicated subnet for AI tasks, a blockchain for decentralized operations, and an API for frictionless integration. This unique architecture is said to be critical to turning Bittensor into the preferred network for AI services. The network provides services to individuals and businesses using its native token TAO as a medium of exchange. As the network matures, its goal is to promote the development of AI and make sophisticated machine learning models available to a wider audience.
Blockchain technology and digital currencies are rapidly developing and being applied around the world as a new business and economic model. They have attracted the attention of various industries with their advanced technology and strong potential. Today, we are introducing Bittensor Token, a unique project that has attracted a lot of attention with its unique strategies and solutions.
Bittensor Token is a decentralized network based on blockchain, which is powerful and worthy of its name. Its key feature is the ability to promote decentralized learning and development. It aims to achieve true decentralization by enabling people to participate and invest through incentives for algorithms and strategies.
Bittensor introduces a new concept of concurrent learning that can incentivize users in a moderated and controlled way. This system generates rewards based on users' performance and contributions in the network. This network mechanism and structure allows the system to operate without centralized control and to self-improve, learn and develop.
Bittensor Token has high transparency and strong accessibility. Bittensor Token is based on blockchain technology, and all interactions and transactions are clearly visible. This open and transparent system also means that any access and use of the network is open and unrestricted.
Bittensor’s main use cases include text prompts, machine translation, image generation, and data scraping. It is a decentralized platform for various machine learning applications.
Bittensor was developed by OpenTensor, which was originally a Polkadot parachain called Finney, and then transformed in March 2023 to launch its own blockchain Nakamoto. This strategic move is inspired by the Bitcoin network and aims to reduce its dependence on the Polkadot ecosystem and increase independence through its own blockchain customized for ML computing.
Bittensor’s Proof of Intelligence (PoI) consensus can accurately identify machine learning models for specific needs and reward miners who contribute these high-quality models to the verification of transaction blocks. This process requires a lot of processing power and is similar to the competitive nature of Proof of Work (PoW), but the function is different. Successful PoI miners then validate blocks in a proof-of-stake (PoS)-like phase, where miners stake TAO tokens and TAO holders can choose to delegate their stakes for rewards.
Unlike typical centralized models, Bittensor is committed to creating a collaborative, composable, open development environment for AI, where models can benefit from shared learning. Its unique architecture of dedicated subnets and incentive mechanisms makes it stand out from traditional blockchain and AI models.
Bittensor's TAO token is similar to the Bitcoin model, with a token cap of 21 million and a current circulating supply of 6.01 million. Its circulating supply and issuance schedule are similar to Bitcoin's halving model.
Users can buy Bittensor (TAO) directly on Binance using a credit or debit card, or exchange other cryptocurrencies for TAO on the Binance exchange.
The Bittensor to other currencies exchange rate?
